** Iron Road IRD.AX falls 2% to A$0.049; set for biggest intraday pct drop since March 13
** Mineral explorer fails to reach satisfactory commercial terms with a government of South Australia agency on an extension of the Option Deeds related to buying land at Cape Hardy
** IRD down ~17% YTD
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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